


"In one way or another we're all refugees, living out this easy life below the banyan trees." Jimmy Buffett



"And PLEASE people, lets not forget his batting skills! He's swinging from both sides of the plate and he's crushing EVERYTHING!"
The Federal Reserve, which is really a cartel of the largest banks with a free pass to print money, has handed out via the U.S. Treasury over $13 trillion dollars in cash and guarantees, no strings attached, to its members on crap debt from what should-be fraudulent business practices. They don't have to answer to Congress or the President, they made their large campaign contributions, and feel no obligation to disclose what banks have gotten how much or if there is even a required pay back. These banks promoted should-be fraudulent products, kept layering the investments on top of the same assets in classic Ponzi-scheme fashion, then were the largest hedgers against the products that they were selling, made billions in profits and bonuses for their execs then demanded unnecessary "bailouts" at tax payer expense after the floor fell out from their casino, all the while no past or present executives are even being held responsible, let alone prosecuted for fraud. So how does the banking sector thank the tax payers who get to fit the bill for this recussitation? Oh you know, continued foreclosures, credit card rate and late-penalty hikes and of course continued multi-million dollar executive bonuses.
Where is the mass, public anger over this?
Where is the anger over the fact that the U.S. spends more money on military expenditures then the entire rest of the world combined? A large majority of U.S. citizens seem to be against the current "wars" yet our leaders keep piling it on. Despite the country being broke and completely in hawk to China and the rest of the modern world, why do most Americans just grin and accept that America is spending trillions of dollars while putting our young men at risk by chasing tribesmen around some of the world's most desolate areas? Will this prevent a small group of foreign "exchange students" from successfully staging another terrorist act within our borders? I don't agree that it will, do you? Why are so many Americans showing far more uproar over domestic spending programs than they are over our ridiculously expensive, foreign soil-based military complex and imperialistic ways?
Why aren't the jobless protesting by the hundreds of thousands after blue-collar manufacturers have watched their jobs systemically shipped overseas? Why aren't the hundreds of thousands of homeowners who are being foreclosed on fighting for a bailout like the bankers received? $13 trillion to the banks. That could have paid every homeowner's delinquent payments due and kept the banks' books straight but evidently that was never the goal of the Great Wall Street Ripoff. Doesn't this just sort of, kind of bum anybody out?
Why aren't the "Gobama" people going f...ing crazy right now after the democrats and new president have shamelessly backed out of just about every campaign promise that they made to voters who helped put them in office with a mandate while blasting the repugs out of power in the last two elections? Remember "change you can believe in?" How does the old "money speaks louder than words" phrase suit you instead?
The following are excerpts from "Stop Complaining About Right-Wing Protests! The Left Should be (Re)Learning How It's Done," by online writer Dave Lindorff. He reminds us about our not-so-distant ancestors;
"Back in the late 1950s and the 1960s, the Civil Rights movement wasn't polite and domesticated. It brought activists to events in the Deep South all the way from New York and Boston. Its members rallied in the thousands to shut down segregated public and even private institutions. Its activists occupied buildings on university campuses, boldly confronting police and police dogs and armed men in white robes."
"In the late 1960s and early 1970s, anti-war protesters in turn shut down recruiting and induction centers, destroyed draft board records, tried to close down Washington, DC, got arrested in the hundreds, incited soldiers to desert and then helped hide them from the law, exposed the 1968 Democratic Convention as a farce, and faced down armed police and soldiers repeatedly, at one point in 1970 closing down the nation's campuses in a national student strike when soldiers shot and killed four unarmed students at Kent State University."
"Years earlier, when workers were being abused, they occupied factories, forcibly shutting them down with sit-down strikes, battled Pinkerton detectives and armed National Guard forces, and set up tent cities in Washington to make themselves heard."
"And they won great victories."
"Where is that passion today? For the most part....environmentalists, labor unions, civil rights advocates, health care reform advocates, anti-war activists--have become neutered office-chair potatoes, sending canned emails to their elected representatives or to the White House."
"We all need to take a lesson from the Right, from those lusty, cantankerous folks who are raising hell at those pathetic town meetings."
This article in Rolling Stone has apparently created an uproar on Wall Street. Time Magazine put out a kind of half-assed, neutral comment on the article titled "Goldman Sachs vs. Rolling Stone: A Wall Street Smackdown." And in a recent television interview, Eliot Spitzer was asked to comment on the article.
This was the e-mail reply that I got from my Saipan roommate from the '90's who now lives in Orange County, CA, when I asked him what he thinks of me moving back to the States sometime in the next year or two. For the record, Obama's not "my boy" nor did I vote in the last Presidential election due to my living overseas.
I'm afraid that there are millions of clueless sheep that don't understand or accept that both political parties fail to represent us the people, nor do they care about us at all really. Probably 90% of the elected officials are bought and paid for by corporate lobbyists and other special interest groups and we are the laughing stock of the world because we are a nation of ignorant, unenlightened halfwits when it comes to our country's politics and economy. Like I said, I live overseas and when I travel, I have no difficulty meeting people from other countries who are all too eager to strike up conversation and eventually get to something along the lines of "....so what's wrong with Americans anyway?" One common comment that I've gotten a few times is "how could your country elect Bush twice?"
How else could you explain away the state of California being allowed to sink into insolvency, their total deficit at about $21 billion, yet Citigroup alone grubbed double that amount in TARP money and another multi-hundred billion more in loan guarantees. The bankers who gambled the economy into a black hole are being lavished with billions while teachers will be fired and social programs exterminated in California. That's plutocracy completely out of control, not socialism or even liberal policy gone wild. We spend more on military expenditures than all countries in the world combined, health care is run by the industry, farmers are beholden to corporate agriculture, the list goes on and on. Obama, like Bush is a corporate puppet carrying water for the same masters.
plutocracy as there most definitely exists a fusion between money and government. I believe that this is a big-picture, bi-product of our two-party political system, more prone to special interest policy influence than a multi-party legislative body, and further aided by the Electoral College system, which doesn't at all allow for a freely-elected President. Critics argue the Electoral College is inherently undemocratic and I agree. Numerous constitutional amendments have been introduced in the Congress seeking a replacement of the Electoral College with a direct popular vote however no proposal has ever passed the Congress. That's not surprising since elected officials shouldn't be counted on to change a policy that would be to their or the ruling class' detriment.
From the "Plutocracy" Wikipedia page: "Plutocracy is a government controlled by a minuscule proportion of extremely wealthy individuals found in most societies. In many forms of government, those in power benefit financially, sometimes enough to belong to the aforementioned wealthy class."
Socialists believe that capitalism unfairly concentrates power and wealth among a small, elite segment of society that controls capital, creates an unequal society and does not provide equal opportunities for everyone in society. That's pretty much happening now so socialist-thinking folks have reason to be upset.
To my old roomie who believes that we're headed toward a "third-world, primitive communism state", Communism promotes the establishment of a classless society based on common ownership and control of the means of production and property...."From each according to his ability, to each according to his need." The U.S. is hardly moving toward a classless society with common ownership.
websites that offer critical, non-biased accounts of what's really going on in Congress and corporate boardrooms where greed, conflict of interest and total lack of accountability rule. I read Smirkingchimp.com daily while another good site is Truthdig.com. Right-wing, fear mongering, manipulated media have too many Americans blaming the wrong forces that have driven the U.S. economy to the brink of implosion.
"What is $21 billion in federal loan guarantees for California to skirt bankruptcy compared with the $45 billion given to Citigroup, along with $300 billion more in guarantees for that company’s toxic paper? Or how about the $185 billion doled out to AIG? If Citigroup is too big to fail, isn’t the state of California?"
our wealth, actual mortgages only make up 2% of the so-called "toxic assets" that the Treasury secretary, through the Federal Reserve, keeps throwing money at, all to the benefit of Citigroup, Sachs, AIG, et al? The same guys who caused this problem. So what are these mortgage-backed securities, credit default swaps and other derivatives that these hucksters made billions of dollars in fees on, and that make up the other 98% of our global financial problem? Read Mike Whitney's great article from a few weeks back "Credit Default Swaps: The poisen in the system."
1995 through 2000, Gramm was Congress' most outspoken champion of financial deregulation. He played a leading role in writing and pushing through the 1999 repeal of the Depression-era Glass-Steagall Act, which separated commercial banks from Wall Street investment banks. He also inserted a key provision into the 2000 Commodity Futures Modernization Act that exempted over-the-counter derivatives like credit-default swaps from regulation by the Commodity Futures Trading Commission. He was an enabler and protector of Enron and it's executives before that company's collapse and currently is vice-chairman of Swiss bank UBS, which recently under a "deferred prosecution agreement" with the Justice Department, agreed to turn over names of account holders to avoid a criminal indictment for bank-assisted tax fraud.
"In the U.S. over 85% of soybeans and 45% of corn are genetically modified and since animal feed comes mainly from these crops, the entire meat production of the nation has been fed on genetically modified animal feed. The arrogance with which multinational biotech corporations such as Monsanto are disrupting and modifying life's genetic order--from seeds to food to animals to the environment--is creepy." This article, "Seeds of Truth" by freelancer Sheila Samples is a must-read and will freak you out if you're unaware of how pervasive genetically modified food is in our food chain....and how it's being forcibly imposed not only on American farmers but globally as well.